Housing costs in Spencerville?
A typical home costs
$685,000, which is 102.6% more expensive than the national average of
$338,100 and 76.5% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Spencerville costs
$1,890 per month, which is 32.2% more than the national average of
$1,430 and 14.3% more than the state average of
$1,620.
Can I afford Spencerville?
To live comfortably in Spencerville, Maryland, a minimum annual income of
$131,400 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about Spencerville?
The cost of living in Spencerville, MD is quite reasonable compared to other parts of the region. According to Sperling's Best Places, the cost of living index is 98.2, which is 2.8 percent lower than the national average. Additionally, housing costs are significantly lower than the national average. This makes Spencerville a favorable option for those looking for affordable living options near the metropolitan area of Washington DC. Furthermore, property taxes are moderate and sales tax is below average at 6%. With these factors in mind, this small town offers an opportunity to enjoy a high quality of life without breaking the bank.